Transferred Value

Date: September 19, 2022

Location: Metairie, LA


Sponsor:
Louisiana Chapter
Contact:
Nancy Linton-Hall
Phone:
(336)949-4520
Email:
nancy@aiohio.org
Website:
http://www.lcai.org/
Name:
Jefferson Parrish East Bank Regional Library
Address:
4747 W. Napoleon Ave.
Metairie, LA
Phone:
(504) 838-1190
Speakers:
Whitmer, MAI, AI-GRS, Ted

Notes

Purpose of the Course

The seminar explains why cost is not always equal to value. Furthermore, it provides a rational explanation why most specialty retail buildings, tenant finishes, custom homes, corporate headquarters and many other

buildings are built for a cost significantly over market value of the building. The gap between the value of

the property and the cost is explained and categorized. The seven categories of transferred value are

1.   To a person

2.   Within a property

3.   To another property

4.   To intangibles

5.   To a community

6.   To an organization

7.   Within a system

The market has recognized this difference, but this seminar offers a communicative explanation for why market participants often spend money (cost) in excess of value. Examples in the seminar include swimming pools, other upgrades and design and branding elements of a building. The seminar further discusses the ramifications of when this transferred value goes away. An example of this is failed retail concepts such as Gander Mountain.

 

The class is shown how personal property and intangible assets are converted 100% to real property. Fee simple and leased fee concepts related to valuation are presented.



Register by September 12 for Early Bird prices!

Early Bird - $190/$210
After September 12th - $210/$235

**While spikes in COVID-19 Nationwide are fluctuating up and down, the Louisiana Chapter Appraisal Institute may still require a signed COVID-19 waiver be returned upon receipt.  We will keep you posted. Thank you for your understanding and your interest!

 

Cancellation Policy

With written requests postmarked more than 14 days prior to course, funds will be granted less a $30 cancellation fee.  For written requests postmarked 7 to 14 days prior to event, refunds will be granted less a $50 cancellation fee. Cancellations 6 days or less prior to the course and “no shows” the day of the event will forfeit payment.  

Additional Information

Who Should Enroll

General and residential real property appraisers

Seminar Materials
Emailed to students prior to class

Seminar Schedule
Registration: 9/19/22: 8:00 a.m. - 8:30 a.m.
Class: 9/19/22: 8:30 a.m. - 4:30 p.m. 
Lunch: 1 Hour - Included in Tuition

**NEW Location**
Jefferson Parrish East Branch Regional Library, 4747 W. Napoleon Ave., Metairie, LA 70001; T. 504-838-1190

CE Approval Status
Appraisal Institute:  35 Points
LA Appraisal Board: 7 hours
TX Appraisal Board: 7 hours, Course# 44205

Attendance Policy
To receive credit, 100% attendance is required for all Appraisal Institute education programs. Students, who are late or leave early, will not receive CE credit.

Instructor: 
Ted Whiter, MAI, AI-GRS of College Station, TX 

Disclaimer Information

All cancellations must be submitted in writing or email message. Confirmed students should not assume that cancellation has been granted until a confirmation has been received.

ADA Policy: If you have a disability and require accommodations and seating, please notify the office of the Louisiana Chapter at least two weeks in advance and staff will make arrangements for reasonable accommodations and seating.

We reserve the right to cancel, limit, or reschedule the course and to change faculty assignments and facility locations at any time.

Prospective students should confirm their registration before making any non-refundable airline reservations.

National Disclaimer

This Educational Program was developed by an outside party. The Appraisal Institute Chapter made arrangements for the Third-Party to offer the Program with the intent of addressing topic(s) based on a certain chapter or local need for such topic, solely educational and informational purposes. The Appraisal Institute national organization was not involved in developing or organizing the Program and does not endorse the Program or its content.

The content of this Program, including but not limited to any written materials and presenter comments, does not represent the viewpoint of the Appraisal Institute (defined as including but not limited to, the national organization, its Regions, Chapters, members, candidates, affiliates and staff) unless formally adopted by the national Board of Directors. Further, the Appraisal Institute has not peer-reviewed or approved the content of the Program and does not warrant the accuracy or timeliness of the content of the Program. The Appraisal Institute does not publish examination review materials. The content of the Program is subject to court decisions and local, state and federal laws and regulations and any such revisions of such laws and regulations.

This Program is presented with the understanding that the Appraisal Institute is not engaged in rendering legal, accounting or other professional advice or services. Nothing in the Program is to be construed as the offering of such advice or services. If expert advice or services are required, attendees and readers are responsible for obtaining such advice or services from appropriate professionals.

State Credit

Please note that 100% attendance is required in order to receive any approved state credit or to be awarded AI CE points. It is imperative that you check with your state board for state approval information before completing registration.

Other Information

If you have a disability and require accommodation, please notify the sponsor at least two weeks in advance for reasonable accommodations to be arranged.

The Appraisal Institute reserves the rights to cancel, limit, or reschedule the program and to change instructor assignments and facility locations at any time.